Latest California Headlines
All the headlines from our California Topic Page, ordered by recency.
Calif. Approves New Medical Treatment Guideline Regulations
Jun 20 2007 // California’s Office of Administrative Law has approved new medical treatment guideline regulations. Primarily, the regulations: *Defined or deleted terms such as acute, chronic, claims administrator as suggested by...
Calif. Workers Comp Bureau Reports $3.8 Billion Spent on Medical Services
Jun 19 2007 // The Workers Compensation Insurance Rating Bureau of California has released its report on workers’ compensation losses and expenses for 2006. The report is prepared annually pursuant to Section 11759.1 of the...
Calif. State Fund files 11% premium decrease
Jun 18 2007 // California’s State Compensation Insurance Fund announced it filed for an 11 percent average decrease in collectible premium for its July 1, 2007, workers’ compensation insurance rates. The new rates will affect...
News Currents
Jun 18 2007 // Study: Calif. workers’ comp reforms are working Yet risk managers say keeping workers safe and costs down still major concerns California employers and insurers have started to see — and should continue to see...
People
Jun 18 2007 // Countrywide Insurance Group named Steve Cardinal president and chief operating officer of Countrywide Insurance Services. As a member of Countrywide Insurance Group’s executive team, Cardinal will oversee all aspects...
Fraud Roundup
Jun 18 2007 // Oregon Fines Former Marsh Executive The Oregon Department of Consumer and Business Services has fined a former executive of insurance broker Marsh USA Inc. for her role in overcharging public entities for insurance...
Mulryan: Working to improve Calif. State Fund’s value, transparency
Jun 18 2007 // California’s State Compensation Insurance Fund suffered setbacks recently over unethical practices in its group programs, and an order by California Insurance Commissioner Steve Poizner forced the organization to...
Workers’ comp writers report best underwriting results in decades
Jun 18 2007 // The workers’ compensation calendar year combined ratio stands at 96.5 percent — the best underwriting result in at least 30 years and the first underwriting profit for the line since 1995, according to the...
Calif. Hull & Co. Adds Residential Homebuilders Market
Jun 15 2007 // Stockton, Calif.-based Hull & Co. recently announced a new residential homebuilders market in California. Coverage is provided by an “A+” XV carrier and is designed for companies with up to $15 million in...
California Expands Low Cost Auto Insurance Program
Jun 14 2007 // California Insurance Commissioner Steve Poizner announced plans to expand the California Low Cost Automobile Insurance Program (CLCA) to 10 additional counties – Santa Cruz, Solano, Marin, Madera, Placer, Napa, Yolo,...
Bill Aims to Add Accountant to Calif. State Fund Staff
Jun 14 2007 // The California Assembly has passed a bill, which would require the organization to add a certified public accountant to its staff. Additionally, the bill would require SCIF’s board of directors to appoint a...
Calif. Signs Operating Agreement with German Insurance Department
Jun 12 2007 // California Insurance Commissioner Steve Poizner signed a memorandum of understanding (MOU) with the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), the regulatory and supervisory body for all insurance business...
Lawmakers’ Driving Claims Cost California Taxpayers
Jun 11 2007 // Lawmakers using state-issued vehicles filed auto insurance claims at a far higher rate than the general public, costing California taxpayers nearly $90,000 the past two years, according to records obtained by The...
Voluntary Beef Recall Expands
Jun 11 2007 // A meat supplier expanded a voluntary recall of ground beef products because they may be contaminated with E.coli. United Food Group LLC said in a statement it expanded the recall of 75,000 pounds of ground beef to include...
Calif. Fraud Task Force Holds Innagural Meeting
Jun 11 2007 // California’s Advisory Task Force on Insurance Fraud held its first meeting last week, with the goal of creating innovative methods to combat insurance fraud and forwarding an aggressive anti-fraud campaign introduced...
Calif. Assembly Passes New Rate Requirements for Health Insurers
Jun 8 2007 // The California Assembly has approved a bill requiring insurance companies to get approval by the Department of Managed Health Care or the Department of Insurance before they can increase the amount of their premiums,...
New California P/C Brokerage Firm Formed
Jun 7 2007 // Trident IV L.P., a private equity fund managed by Stone Point Capital, announced that it, along with John G. Hahn and Dan R. Francis, have committed to invest up to $100 million to form Edgewood Partners Insurance Center,...
Calif. State Fund To Receive $113,000 For Workers’ Comp Fraud
Jun 6 2007 // San Diego County Superior Court Judge Fred McGuire has ordered a San Diego construction firm owner to pay the California State Compensation Insurance Fund $113,327 in restitution for defrauding the workers’...
Consumer Group Challenges Fireman’s Fund’s Calif. Earthquake Rates
Jun 6 2007 // Consumer advocates have filed a challenge to block a proposed 25 percent increase in Fireman’s Fund’s earthquake insurance rates in a move that they say could save each of the company’s earthquake...
Insurers try to prevent losses in wildfire hotspots
Jun 4 2007 // Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other...
